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Land Market Emerges as a Key Driver in Cyprus Real Estate

Market Overview

In the first half of 2025, Cyprus’s land market commanded attention as transactions in plots and fields surpassed a total value of €360.4 million, according to an analysis by Landbank Analytics. With 1,130 recorded transactions, the sector underscores both residential demands and strategic investment opportunities: 794 plot sales amounted to €189.9 million, while 336 field sales generated €170.5 million. Notably, the average sale price for fields reached €507,440 compared to €239,170 for plots, reflecting differing investment profiles.

Regional Performance Analysis

Nicosia: As the capital, Nicosia reported 341 plot transactions and 83 field deals. The average price for field sales soared to €363,654, closely followed by plots at €220,331, positioning plots as the second most popular property type after apartments.

Lemesos: The city of Limassol remained a dynamic marketplace with 191 plot sales and 90 field transactions. The considerable average field price of €687,800, more than double that of plots at €305,000, highlights a strong tilt towards high-value strategic investments.

Larnaka: With 173 plot sales and 64 field transactions, Larnaka’s market performance was marked by field sales averaging €416,300, the highest on the local stage, while plots averaged €204,500.

Paphos: Paphos reinforced its reputation for strategic investment as 46 field transactions from a total of 123 deals achieved an impressive average sale value of €846,700 — the highest in Cyprus — with plot sales averaging €252,000.

Ammohostos: Distinctly different, Ammohostos targeted mainly field transactions with 53 field deals and 12 plot sales. Reflecting its unique market, fields averaged €241,000 compared to €134,500 for plots, mirroring trends in tourism and agricultural use.

Expert Insight

Andreas Christoforidis, CEO of the Landbank Group, emphasized the critical role of the land market in propelling Cyprus’s economic development. “The market for plots fuels the ongoing demand for residential and commercial development, while the field market emerges as a silent giant in strategic investments,” he stated. Christoforidis further noted that high average prices in Paphos and Limassol—reaching approximately €850,000 and €700,000 respectively—underscore the shift from traditional agricultural use to properties with significant investment potential, including those with tourism or energy orientations and those that may be integrated into future urban planning initiatives.

Conclusion

The robust performance of the land market in Cyprus signals a transformative phase in the real estate landscape. With clear regional distinctions and evolving investment dynamics, industry stakeholders can expect the market’s momentum to drive further growth in the coming years.

Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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